Charlotte NC Economic News – Job Details Emerge in MetLife Move

Charlotte NC Economic News – Job Details Emerge in MetLife Move

Life insurance giant, MetLife, is planning to bring 2,600 jobs to North Carolina by the end of 2015. These 2,600 jobs will be in both Charlotte and Cary, NC. Product management, marketing, sales and customer service jobs will be among the new hires in the Charlotte area and IT jobs will be housed in the Cary office.

Charlotte and Cary will be hubs for MetLife’s national retail business in Charlotte and global technology and operations in Cary.

How does this effect Charlotte’s economy?

Recently, the Charlotte Chamber of Commerce commissioned a study from UNC-Charlotte with regards to MetLife’s potential impact on the Charlotte area. It is estimated that these 1,300 jobs in Charlotte will have between $342M and $529M, ranging from independent company and employee spending to the other companies who ultimately do business with MetLife.

A more detailed picture emerged Friday of how many jobs could be created by insurance giant MetLife in Charlotte – and how many could stem from relocations from other parts of the country.

From the Observer:

“MetLife is expected to bring 1,300 jobs to Charlotte, and as many as 40 percent might be filled by company employees transferred to the region.

N.C. Commerce Secretary Sharon Decker told the Observer that 30 percent to 40 percent of the 2,600 jobs MetLife plans to add to the state might be made up of MetLife employees brought to North Carolina through consolidations.”

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